Anyone see this good article on ECS in The Australian Business Review:
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https://www.theaustralian.com.au/bu...e/news-story/a12727cdd95be8a222a1ee0f0bfb38fd
Good interview with Nan, some quotes:
“I believe the key to our success has been our decision to adopt a capital-light business-to-business (B2B) model, which is also energy efficient and sustainable,” Schoerie said.
“We believe this is the reason why we are the first, and currently only, listed medicinal cannabis company to become profitable.
“This strategic and resilient business model is optimised for maximum efficiency.
“A few years ago medicinal cannabis product prices were very high but like all emerging industries, the price has normalised.
“We started the company knowing that we had to be competitive when market prices dictated a more realistic price point.
“In addition, with a vision for the future we elected to use sustainable and organic farming practices with low production costs, ensuring we were well positioned to manage increasing energy costs and different consumer preferences.
“Over the past financial year, ECS secured major contracts both domestically and internationally, worth nearly $50 million."
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